Optimizing method of two-echelon equipment's spare parts inventory system with random horizontal replenishment

Shubin Si, Dapeng Jia, Ning Wang, Petri Helo

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Scopus citations

Abstract

This paper promotes the optimizing model and simulation algorithm for two-echelon spare parts inventory system which includes one center warehouse and one distributive inventory system involving N sub-warehouses. The distributive inventory system optimizing model, which considers the random horizontal replenishment of spare parts among sub-warehouses, can give a optimal set of inventory control parameters(Si,si) with service level constraint. The center warehouse's inventory control optimizing model based on least squares and multiple linear regression, which could optimize parameters(Q,s) depending on different service level of the distributive inventory system, is presented. The results of numerical simulation show that the model and algorithm are effective in reducing inventory cost of equipment spare parts while enhancing service level. The analysis numerical simulation, compared with other optimizing model of two-echelon spare parts inventory system, implies the optimizing model and simulation algorithm for two-echelon spare parts inventory system are advanced.

Original languageEnglish
Title of host publicationProceedings of 2008 IEEE International Conference on Service Operations and Logistics, and Informatics, IEEE/SOLI 2008
Pages2945-2950
Number of pages6
DOIs
StatePublished - 2008
Event2008 IEEE International Conference on Service Operations and Logistics, and Informatics, IEEE/SOLI 2008 - Beijing, China
Duration: 12 Oct 200815 Oct 2008

Publication series

NameProceedings of 2008 IEEE International Conference on Service Operations and Logistics, and Informatics, IEEE/SOLI 2008
Volume2

Conference

Conference2008 IEEE International Conference on Service Operations and Logistics, and Informatics, IEEE/SOLI 2008
Country/TerritoryChina
CityBeijing
Period12/10/0815/10/08

Keywords

  • Horizontal replenishment
  • Model and algorithm
  • Spare parts
  • Two-echelon inventory system

Fingerprint

Dive into the research topics of 'Optimizing method of two-echelon equipment's spare parts inventory system with random horizontal replenishment'. Together they form a unique fingerprint.

Cite this